A small number of residents at Riverdale Gardens village in Berri (SA) have been caught out because of their understanding that their village was registered under the Retirement Villages Act when it was not. It is alleged that after the withdrawal of support by Westpac the development stalled and residents demanded deposits returned. Paul Capper, who represents the group of investors in the development, claims to have personally offered to repay a significant portion of the deposits but some residents have refused by way of a letter from solicitors. Westpac had a loan of $600,000 against the developers funding of $1.2 million.
Government Policy
Australian Senate votes for two separate inquiries into aged care reform
The Senate has voted to establish two new Senate inquiries into the Government’s historic aged care reforms, rollout out on the weekend after years of preparation, amid concerns they will not deliver for older Australians.
